The federal government is considering a shift to daily fuel price adjustments to better align domestic rates with changes in global oil markets.
Currently, fuel prices in Pakistan are revised on a weekly basis, a system introduced after moving away from the earlier fortnightly schedule during the Iran conflict.
The proposal comes as part of broader discussions around economic reforms linked to the International Monetary Fund (IMF) program. The IMF has shared its Memorandum of Economic and Financial Policies, outlining Pakistan’s progress toward securing the next $1 billion loan tranche.
Recent volatility in global oil prices, along with disruptions caused by the closure of the Strait of Hormuz, led to a sharp increase of around Rs. 55 per litre in petrol and diesel prices.
Despite this, in the latest weekly review, the government decided to keep fuel prices unchanged.
Prime Minister Shehbaz Sharif said the government is trying to protect consumers from further increases while also urging the public to conserve fuel.
Earlier, IMF officials noted that Pakistan had made steady progress under its $7 billion Extended Fund Facility program, which remains aligned with agreed policy targets up to February.
